Stretch Target definition

Stretch Target means $______________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to account for the addition of EBITDA, or the decrease of EBITDA, resulting from the transaction, For example, the acquisition of an entity that generated EBITDA of $________ USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $___________ USD for each full calendar year remaining in the EBITDA Performance Period (if any), plus an amount equal to the product of $___________ multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12). (xiii) “TSR” means the cumulative percentage change in stock price over the TSR Performance Period, with Dividends Paid during the TSR Performance Period being added to the stock price at the end of the TSR Performance Period. For purposes of this Agreement, the price of an entity’s stock at the beginning of the TSR Performance Period will be the average closing stock price over the trading days in the twenty (20) days immediately preceding the start of the TSR Performance Period, and the stock price at the end of the TSR Performance Period will be the average closing stock price over the trading days in the last twenty (20) days of the TSR Performance Period. In the event of a spin off, split up or similar transaction involving the business of the Company or a company in the Concentrated Peer Group, the shares of the entity of such transaction will be treated as Dividends Paid with respect to the Company or the company in the Concentrated Peer Group, as applicable. (xiv) “TSR Performance Period” means the three-year period commencing on the Grant Date and ending on the third (3rd) anniversary of the Grant Date. (xv) “Vesting Date” means the date the Committee certifies the EBITDA and TSR results or, if earlier, the date vesting occurs pursuant to Section 3(c) or Section 3(d)(iii).
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Stretch Target means $______________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to eliminate the impact of the addition of Operating Profits, or the decrease of Operating Profits, resulting from the transaction, but only to the extent that the additional Operating Profits or the decreased Operating Profits exceed the Materiality Threshold. For example, the acquisition of an entity that generated Operating Profits of $5,000,000 USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $2,000,000 USD for each full calendar year remaining in the OP Performance Period (if any), plus an amount equal to the product of $2,000,000 multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12).
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Stretch Target. Increase the total number of adults aged 16+ achieving Basic Skills target qualifications from 3,820 to 4,001 (an increase of 181 adults over the three years of the LAA) * Percentage of learners achieving level 2 by the age of 19 57.2%7 1963 59.2% 2052 61.2% 2065 62.2% 2110 (2103) (2116) (2162) Stretch Target: Increase the total number of individuals achieving level 2 by the age of 19 from 6,227 to 6,381 (an increase of 154 people over the three years of the LAA) ‌ 5 University Centre Oldham 2006 6 Learning & Skills Council, Skills For Life, 2004/05 7 Learning & Skills Council, 2005 Percentage of learners achieving level 3 by the age of 19 40.8% 43.5% 46.2% 48.5% C - REDUCING POVERTY AND INEQUALITIES Reducing worklessness amongst the working aged population (aged 16-59) of Oldham 12 people per priority ▇▇▇▇ (Borough average - 2004/05). 60 in total * i) The number of IB claimants moving into employment in 5 priority8 wards in the Borough 75 (95) 95 (115) 110 (131) Stretch Target: Increase the total number of IB claimants moving into employment in 5 priority wards from 280 to 341 (an increase of 61 people over the three years of the LAA) * ii) In 2 other priority wards9, the number of IB claimants moving into employment who have been claiming for over 2 years 1% in to employment. 1142 claiming IB for over 2 years in Alexandra and St Paul’s (Oct05) 24 (30) 30 (40) 33 (35) Stretch Target: Increase the total number of IB claimants who have been claiming for over two years moving into employment in two other priority wards from 87 to 105 (an increase of 18 people over the three years of the LAA) iii) The Borough average IB claimant rate 10.7%. 13,475 IB claimants (Oct 05) 10.7% 10.6% 10.5% 8 JCP 2005 figures for the following wards: Hollinwood, Coldhurst, Werneth, St Mary's and Lees 9 Alexandra (includes the NDC area) and St Pauls iv) The number of lone parents moving into employment 592 (Oct 05) 3,300 registered lone parents at Oct 0510 3% increase (610) 3% increase (628) 3% increase (646) D- ATTRACTING Creation of quality floor 2005/6 developments of - - 27,200 sq. m. of INVESTMENT TO CREATE QUALITY space and new jobs 11 4 major investment sites underway quality floor space created resulting in 885 new jobs FUNDING STREAMS (P = Pooled, A = Aligned) 2005/6 2006/7 2007/8 2008/9 NRF – Neighbourhood Renewal Fund (P) £1,399,500 £1,689,500 - Economic Partnership (£360,000 (£450,000 - Oldham Beyond £250,000 £450,000 - Local Learning Partnership £789,500) £789,500) LEG...
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Examples of Stretch Target in a sentence

  • No. OUTCOMES INDICATORS TARGETS Reward Stretch Target Lead & Delivery Partners Cross Cutting Ref.

  • Vesting shall not exceed 200% of PSUs for performance above the Stretch Target level.

  • On or before the Grant Date of the PSUs, the Board shall establish, after consultation with the Executive, Threshold, Target and Stretch Target Revenue and EBITDA goals for the three fiscal year period beginning with the fiscal year immediately following the fiscal year for which the Long Term Incentive grant is being made, which goals shall be provided in the writing to the Executive (“LTI Financial Goals”).

  • For example, for the fiscal year ending March 31, 2019, the Base Salary is $500,000, so the Threshold, Target and Stretch Target bonus would be, if the applicable goals are achieved, $125,000; $250,000; and $500,000.

  • Facebook, Instagram, twitter and Vimeo Output (11) target Stretch Target over 2 years and 9 Months Minimum overall target Stretch Annual target Minimum annual target Achieve between 10% & 20% growth on social media per annum across all platforms from a current baseline of 1656 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Ambassadors Programme The YouNG ambassador programme is a contract of employment with one young person representing each secondary school across Rushcliffe.

  • The amount of the Threshold, Target and Stretch Target bonuses shall be 25%, 50% and 100% of the Executive’s Base Salary for the applicable fiscal year, and shall only be paid in cash.

  • Where the parties do not agree to amend a particular Stretch Target within 60 days after the start of the joint review process, the Stretch Target shall remain unchanged.

  • Subject to section 5.2 below, where both a Target and Stretch Target are specified, the Target is the Service Level for the first 24 months after the Commencement Date.

  • For example, from the start of the 25th month after the Commencement Date, the target Service Level for obtaining a customer satisfaction level of “delighted” (i.e. score 9-10/10) shall automatically increase from ≥ 10% to ≥ 20% (i.e. from the Target to the Stretch Target).

  • No. OUTCOMES INDICATORS TARGETS Reward Stretch Target Lead & Delivery partners Cross Cutting Links.


More Definitions of Stretch Target

Stretch Target performance against the agreed-upon goals and objectives for such year shall entitle you to a Bonus for such year equal to at least 60% of your annualized Base Salary for such year. Lesser amounts may be awarded for performance below "target", and intermediate amounts may be awarded for performance between "target" and "stretch target". The extent to which the agreed-upon goals and objectives are attained shall be determined by the Committee reasonably and in good faith, in consultation with you, as soon as reasonably practicable after the end of the calendar year to which the Bonus at issue relates. The Bonus earned by you for a calendar year shall be paid to you promptly after its amount has been determined, and in no event later than the earlier of (x) the date that other senior executives of the Company receive their annual bonuses for such year and (y) March 30 of the year following such year. Your Bonus shall be no less than $75,000 for calendar year 2003.
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Stretch Target means achieving superior performance and relates to a score for a KPI where a Stretch Target Payment is payable. Stretch Targets for the two applicable KPIs are listed in Article 5.6.
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Related to Stretch Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in relation to each KPI;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.